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The Brazil Syndrome
Slumping growth, if not outright contraction, in most of the world’s major emerging economies has been rightly attributed to China’s slowdown and plummeting commodity prices. But weak external conditions have also exposed profound governance failures – and not just in Brazil.
https://prosyn.org/ELolwOc
WASHINGTON, DC – Pity the world’s emerging markets: they are no longer flavor of the month, or indeed year, for international investors. You need only look at how investors have been fleeing Brazil amid rising economic uncertainty and political turmoil there. And Brazil is no outlier.